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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (735872)8/29/2013 10:40:00 PM
From: i-node4 Recommendations

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FJB
jlallen
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>>There is plenty of evidence. Just look at how our economy has been doing for the past few decades. The majority of Americans are worse off than they were in the 1970s. Social mobility is now lower than it is in many developed countries. For the past decade the only beneficiaries of productivity increases has been at the top

I would argue, correctly, that that is a product of the welfare state sucking money out of the hands of more productive people and giving to the less productive. The fundamental misunderstanding of liberals is clear. Growth is a result of productivity, not consumption.

It is investment that causes productivity. Almost all liberals are confused about this.
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